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ECON110
Tutorial 4
Money, Banks and Inflation
1. Could these mugs be used as a form of money? Explain.1 (2 marks)
-
1
The answers for this question were not great.
o Didnt directly address the question
o Didnt relate the mugs to the 3 functions of money.

ECON110
Tutorial 5
Long Run Output (Y*) & Short-Run Fluctuations in Output
1. Use the PPC to answer the following questions.1
a) Show Y*, GDP (Y) when there is a recession and boom. Show the output
gaps. (1 mark)
b) Show the USA & Chinas different choices

ECON110
Tutorial 3
Inflation and the Labour Market
Part A - Inflation
You must show the definitions and steps to obtain your answer for any of the
questions that require a numerical answer. Remember we are assessing your
macro-economic understanding, not

Tutorial 2 (Week 3 Session 1~2014)
The CPI and Inflation
Part 1
1. Australias Consumer Price Index
a) What is included in the bundle of goods and services that is used as the basis for
Australias CPI? (1 mark)
In Australia the following basic categories a

Tutorial 2 answers
Chapter 3
Problems
5a. The cost of the basket in the base year is $200 + $600 + $100 + $50, or $950. In the
subsequent year the same basket of goods costs $220 + $640 + $120 + $40, or $1020.
The CPI in the subsequent year equals the cos

ECON110
WHAT IS GROSS DOMESTIC PRODUCT?
Learning objectives
GDP is an empirical construct with a history
Circular Flow Diagram (Look at videos on ilearn)
Measuring GDP
The problems of comparing GDP across countries
Shortcomings of GDP as a measure of

ECON 110 Tutorial 12 Homework
43433839
Matthew Hall,
1. The governments efforts to reduce a recessionary gap through taxes might be
counterproductive because of the natural stabilisation process of the economy and the
delayed time period as to when the ta

ECON110
WHAT IS INFLATION AND UN/EMPLOYMENT?: MEASURING ECONOMIC PERFORMANCE
Inflation & Labour Market Statistics
These figures are constructs of theoretical
ideas as is GDP
The quality of these statistics vary as does
GDP figures for same reasons
Less

ECON110
THE AD-AS MODEL (PART 2)
Learning objectives
1. Review the AD-AS model so far
2. Examine the representation of the Central Bank (i.e.
monetary policy) in the AD-AS model
3. Explain the long-run adjustment in the AD-AS model when
there is a shock t

ECON110
WHAT IS MACROECONOMICS?
ECON110
LECTURE 1
1 August 2015
Learning objectives
1. The Philosophical Justification for Capitalism: Self Interest
leads to Good Social/Economic Outcomes. So is there a role for
the state to improve or change outcomes?
2.

ECON110
FISCAL POLICY
Learning objectives
1. Examine the basic components of a government budget
using the Australian example.
2. Examine the relationship between budget deficits & debt:
How does Australia compare?
3. Understand that budgets are composed

ECON110 Macroeconomic Principles, Semester 3 2013
WEEK
1
2: TUTORIAL 2
STUDENTS SELF-REVIEW OF CONCEPTUAL UNDERSTANDING
These are to be attempted before the tutorial. They will not normally be covered in
the tutorial, maybe, except for a quick review, tim

Historically Australia has been a net recipient of overseas
capital. Recently much of this capital has come from
China.
.
i) Discuss the general benefits of capital inflows on the
Australian economy. (2 marks)
.
ii) Discuss the general costs of capital ou

ECON110
TUTORIAL 7
AD-AS MODEL
PART A
LAST (FAMILY) NAME:
FIRST NAME:
STUDENT ID:
LEARNING OBJECTIVE 1: UNDERSTAND THE LINKS BETWEEN THE
KEYNESIAN (INCOME-EXPENDITURE) MODEL AND THE AD-AS MODEL.
1. Explain the differences between the Keynesian (income-exp

Recent Documents

ECON110
KEYNESIAN MODEL (EXPLANATION) FOR FLUCTUATIONS IN GDP & UNEMPLOYMENT
PART A
PART A of the lecture establishes the location or the
parameters of the model.
If you were to think of the model as a game.
Part A gives you some of the basic rules, co

ECON110
TUTORIAL 4
MONEY & BANKS
LAST (FAMILY) NAME:
FIRST NAME:
STUDENT ID:
PART A: WHAT IS MONEY?
Learning Objective 1: Understand the problems of barter and how money
resolves this problem.
1. Watch the following short video which illustrates a contemp